THAI Announces 2nd QTR And Six Months` Results

15th May 2002

Thai Airways International Public Company Limited today announced a net operating profit of 4,724 million baht in its second quarter report (Jan-Mar’02).

Mr. Kanok Abhiradee, THAI’s President, said that during the second quarter period (Jan-Mar’02) THAI achieved operating revenue of 32,875 million baht and operating profit of 6,627 million baht, a increase of 1,370 million baht or 26.06 per cent, compared to the same period last year. The net profit was reported at 4,724 million baht, an increase of 3,934 million baht or 498.61 per cent, compared to the same period last year. Earnings per share reached 3.37 baht, which is a increase of 2.81 baht, compared to 0.56 baht of last year.

As for the six months` operations from October 2001 to March 2002, THAI announced a total operating revenue of 63,120 million baht, a decrease of 2,037 million baht or 3.13 per cent, compared to the same period last year. THAI achieved 5,774 million baht net profit, an increase of 6,709 million baht or 717.43 per cent, compared to the same period last year. This is equivalent to 4.12 baht net profit per share compared to the net loss per share of 0.67 baht in the same period last year.